Oil Gains as China Opens Door for Trade Talks with US

OIL PRICE - NEW DELHI. Oil prices climbed on Friday after China said it was open for talks with the United States on tariffs, raising hopes of a de-escalation in a bitter trade war between the world's two largest economies.

Brent crude futures rose 49 cents, or 0.8%, to $62.62 a barrel by 0446 GMT, while U.S. West Texas Intermediate crude futures added 50 cents, or 0.8%, to $59.74 a barrel.